[ad_1] China’s capital Beijing posted a record number of new Covid cases on Tuesday, with the city hunkering down under a tightening chokehold of restrictions that have sent schools online, closed many restaurants and forced employees to work from home. More than 28,000 new infections were reported nationwide — nearing the record […]
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[ad_1] For two years, bad news has kept piling on for Chinese property developers. The nation’s worsening credit crisis has led to defaults, failure to deliver homes on time and an unrelenting market selloff. Now a new phenomenon has emerged: Builders’ founders are leaving. Longfor Group Holdings Ltd.’s Wu Yajun resigned […]
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